Fellowship Academy

Analysis

Fellowship Academy is a registered charity in United States, based in Kennedale, TX. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Fellowship Academy reported income of $4.5m and spending of $5.0m, spending 111% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $3.4m to $4.5m (+31%), an average of +5.5% a year. The sharpest change came in the year to May 2023, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fellowship Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Central Kentucky Special Education Co-Operative ($4.5m), Citadel Brigadier Foundation Inc ($4.5m) and Emmett & Miriam McCoy College of Bus Admin Development Foundation ($4.5m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $60k (1.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $7.0m against liabilities of $5.7m, net assets of $1.3m. It reported 132 employees.